Bitcoin halving cycle

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This event is called halving because it cuts the rate at which new bitcoins are released into circulation in half. Since new Bitcoin are mined approximately every 10 minutes, the next halving is projected to occur around April , reducing the mining reward for each block. The next bitcoin halving is expected to occur in April , when the number of blocks hits , It will see the block reward fall from to

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Basics of the Bitcoin Network. It's called proof-of-work because solving the encrypted hash takes time and energy, which acts as proof that work was done. While the Bitcoin protocol targets a minute block time, the time it actually takes to add a new block to the Bitcoin blockchain varies on a block-by-block basis. Bitcoin's unique characteristics, highlighted by the halving, position it as a disruptive force in the world of finance and a store of value for the digital age.